Insider Selling: Townsquare Media, Inc. (NYSE:TSQ) COO Sells 1,196 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 1,196 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $10.24, for a total value of $12,247.04. Following the completion of the transaction, the chief operating officer now owns 595,353 shares of the company’s stock, valued at approximately $6,096,414.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Erik Hellum also recently made the following trade(s):

• On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The shares were sold at an average price of $10.30, for a total value of $94,996.90.

Townsquare Media Stock Performance

NYSE:TSQ opened at $10.19 on Friday. The stock has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $11.09. Townsquare Media, Inc. has a 52-week low of $8.00 and a 52-week high of $13.57. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $156.82 million, a PE ratio of -4.01, a P/E/G ratio of 0.88 and a beta of 1.36.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.28). Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. The company had revenue of $118.23 million for the quarter, compared to the consensus estimate of $117.99 million. Analysts forecast that Townsquare Media, Inc. will post 0.97 EPS for the current year.

Townsquare Media Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 7.75%. The ex-dividend date is Tuesday, October 15th. Townsquare Media’s dividend payout ratio is presently -31.10%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TSQ shares. StockNews.com cut Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report on Monday, August 12th.

Institutional Trading of Townsquare Media

Hedge funds have recently bought and sold shares of the stock. Gabelli Funds LLC boosted its stake in shares of Townsquare Media by 5.1% in the fourth quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock worth $655,000 after acquiring an additional 3,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Townsquare Media by 2.0% in the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock worth $6,627,000 after acquiring an additional 12,073 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Townsquare Media by 19.8% in the second quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after acquiring an additional 5,600 shares during the period. Empowered Funds LLC boosted its stake in shares of Townsquare Media by 8.0% in the first quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock worth $704,000 after acquiring an additional 4,725 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Townsquare Media by 12.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock worth $824,000 after acquiring an additional 8,079 shares during the period. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.